In the first three weeks of January, 114 PE deals were completed, totaling $8.35 billion dollars,according to the PitchBook Platform. The aggregate total is the second highest for the opening three weeks of a year since the beginning of 2000, trailing only behind 2007, which opened the year with a quick flood of 228 deals that involved $11.19 billion. Deal flow this year has been off to a much more moderate start. The 114 deals lag slightly behind last year's count of 122 but still represents a significant increase over 2009's 101, the lowest of the 11-year stretch. The question remains, however, whether the burst of invested capital is simply a rollover from the 2010 year-end push that will quickly fizzle out or if private equity can sustain and build on the momentum for a stellar 2011 showing.