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A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Andrew and Peggy Cherng made their billions from food court stalwart Panda Express, which they founded in 1983. The Cherngs have since broadened beyond the chain’s iconic orange chicken, investing in the likes of Just Salad, Whataburger and Bojangles. It’s natural for entrepreneurs to gravitate to the industries that made them rich, but the Cherngs have diversified their fortune. In 2016, they hired two leveraged finance veterans to run the alternative investments arm of their family office, Cherng Family Trust. That unit is now a stand-alone firm, CFT Capital Partners, which still manages the Cherngs’ alternative assets and counts Fortnite parent Epic Games and hair-care brand Wella among its investments. CFT Capital…
