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Index & Cie
Index & Cie was established in 2015 in Dubai by French-Iranian entrepreneur Michael Reza Pacha, who serves as Chairman.
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.
General information
Firm type
Multi Family Office
Year founded
2015
AUM
Undisclosed
Location
Region
Asia
Country
United Arab Emirates
City
Dubai
Corporate office
Dubai, United Arab Emirates
Principals
Michael Reza Pacha
Founder and Chairman
Stela Kote
CEO
Sector focus
Frequently asked questions
Who runs investment decisions at Index & Cie?
Founder and Chairman Michael Reza Pacha sets the strategic direction and investment philosophy for the firm. Stela Kote has served as CEO since 2020, overseeing day-to-day operations and execution. The firm's website and Altss research record reflect a lean leadership structure without a publicly named CIO or dedicated investment committee, suggesting decision-making remains concentrated with Pacha and his senior partners.
Is Index & Cie a single-family office or does it serve external clients?
Index & Cie operates as a DFSA-regulated multi-family office based in Dubai. While the firm was founded with Michael Reza Pacha's wealth, its regulatory posture and public positioning explicitly target high-net-worth families beyond the founder's own capital. This distinguishes it from pure single-family offices that only manage proprietary wealth.
What investment stages does Index & Cie target?
The firm's confirmed stage coverage runs from early-stage and seed investments through to venture capital and later-stage private equity. Disclosed investment types also include hedge fund allocations, commodities exposure, real estate, and direct co-investments executed via special-purpose vehicles.
Which sectors does Index & Cie explicitly invest in?
Confirmed sector allocations include healthcare services, industrial technology, media and entertainment, fintech, regulatory technology, and human resources technology. On the technology side, the firm targets artificial intelligence and machine learning, enterprise software, cybersecurity, semiconductors, consumer-facing technology, and Web3 and blockchain infrastructure.
Where does Michael Reza Pacha's wealth originate?
Pacha accumulated his capital through a career spanning legal practice in France, energy and mining ventures, and strategic advisory work concentrated in the Middle East and Africa. His network includes operating partners such as Olivier Couriol and Abdul Jabbar Al Sayegh, chairman of Noor Capital, reflecting deep ties to the Dubai-based financial and commodities ecosystem.
Does Index & Cie maintain philanthropic structures?
Yes. The firm's principals operate the Pacha Foundation and the Help Our Kids NGO as separate philanthropic vehicles. Publicly available details on grant-making focus or annual disbursement levels are limited.
How is Index & Cie regulated?
The firm is regulated by the Dubai Financial Services Authority (DFSA), the independent regulator of financial services conducted in or from the Dubai International Financial Centre (DIFC). This subjects Index & Cie to capital adequacy, governance, and conduct-of-business rules that do not apply to unregulated holding-company family offices in the region.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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