Oreninc Index Falls to Lowest Level in Year
The Oreninc Index continued its turbulent summer, falling to its lowest level in over a year for the week ending August 1, 2013. Total amount opened for the week fell 80% to $22.1 million. In addition to the lack of overall fundraising, broker activity was down sharply with only one deal for $4 million. This serves as a sobering reminder of the current volatility in the space. Next week should improve marginally as we inch closer to the historically more active fall months.
