Lance Milken

Lance Milken, the son of Michael Milken, has left Apollo Global Management to set up a family office, the Financial Times reported. The younger Milken, who is 43, joined Apollo in 1998 and was a senior partner at Apollo, the story said. He focused on consumer and was involved in several large restaurant deals, including the buyouts of Qdoba last year, the parent company of Chuck E Cheese in 2014 and CKE restaurants, which owns Carl’s Jr, in 2010, the FT said.