Index & Cie

Index & Cie

Index & Cie was established in 2015 in Dubai by French-Iranian entrepreneur Michael Reza Pacha, who serves as Chairman. His capital base originates from decades of legal advisory work, energy and mining ventures across the Middle East and Africa, and a network of operating partners that includes Noor Capital's Abdul Jabbar Al Sayegh. The firm operates under the regulatory oversight of the Dubai Financial Services Authority (DFSA). The firm deploys across a deliberately broad canvas. Asset-class activity spans private equity, venture capital, hedge funds, commodities, real estate, and direct co-investments via special-purpose vehicles. Stage coverage ranges from seed to venture to buyout. Sector mandates touch healthcare services, industrial technology, media and entertainment, fintech, regtech, and HR technology. Technology-specific allocations target AI/ML, enterprise software, cybersecurity, semiconductors, consumer tech, and Web3 infrastructure. Geographic execution covers Asia, Europe, the Middle East and Central Asia, and North America. Known real-asset holdings include a commercial hospitality property at Manoir de la Poterie & Spa in Normandy, a London prime real estate portfolio, Dubai luxury development projects, gold exposure, and a position in European data centers. Stela Kote has led the firm as CEO since 2020. Pacha's broader ecosystem includes deep ties to the Monaco Ambassadors Club, where he served as Secretary General, and Club France de Dubai, of which he is a donor and active member. The firm's operational footprint is concentrated in Dubai, with no additional office locations publicly disclosed. Philanthropy flows through the Pacha Foundation and the Help Our Kids NGO. Index & Cie is unusual among Gulf multi-family offices in that its mandate is anchored in a DFSA-regulated structure rather than an unregulated holding-company vehicle. The firm markets itself as an asset management and wealth-engineering platform for external high-net-worth families, not solely a steward of Pacha's own capital — positioning it closer to a regulated institutional manager than a traditional single-family office.