There were 94 completed U.S. private equity deals during the month of May, according to the PitchBook Platform. The month's deal count is a marked improvement over April's 85 deals, the lowest monthly total so far in 2010, and an even better improvement over May 2009's 75 deals. Another positive sign is that, in addition to the 94 completed deals, there were 30 PE deals announced that are still pending. Total deal flow during May, closed and announced, totaled almost $20 billion, and five deals were above the $1 billion mark. The largest deal closed in May was the $1.1 billion buyout of Sedgwick Claims Management Services by Hellman and Friedman and Stone Point Capital. With an estimated $400 billion of dry powder in PE firms' coffers and investment levels on the rise, look for deal flow in June to be above the 100 level with an increasing number of bigger deals.