Benefits of IBD relationships with PE firms

I am new to this forum, so excuse the potential dumb question, but is it beneficial for Investment Banks to target specific portfolio companies in large PE funds? My guess is yes, due to the advisory or M&A opportunities that may arise when the PE firm decides to put the company on the market or have the portfolio company acquire smaller companies. Can someone confirm/add additional context on the benefits/negatives? Thanks in advance.

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