Do headhunters target PE analysts?

The way I'd think about that is not so much any significant difference in initial HH looks (if you're a good performer at a top EB / BB group you'll get your chances at HF opps) and more about how the respective experiences prepare you. From an interview standpoint, there's less friction coming from a PE analyst program because you're already doing investing work and can better speak to diligence process, drivers of value, risk / reward, etc. as opposed to banking analysts who sometimes don't even know what GLG is, let alone having led an expert call. This is pretty important because unlike PE Asso hiring, HF hiring is a lot less structured and for the most part generally happens throughout the year based on needs and turnover, so someone interviewing for a HF position having done like 6mo. of PE analyst work is initially better positioned than a banker (although its possible for a banker to get there, its just more incremental work learning the basics that takes time away from other aspects of the process like creating your pitch)