MM IB vs EB Private Capital Advisory

I am currently a first-year analyst at a MM IB in a coverage group. I am curious to hear people's opinions on the experience of being an analyst at an EB (Lazard / Evercore / Greenhill) in the secondaries groups.

I understand the secondaries market, I know the landscape is moving towards more single asset and concentrated GP led portfolio restructurings. Looking at current associates at the larger secondaries funds, it seems that most associates came from more traditional investment banking roles rather than secondaries groups. Does anyone know why this trend exists?

I'm one of the few monkeys not opposed to staying in banking; however, I am curious to know what exit opportunities look like from these secondaries groups. Most of the groups are pretty new so it is hard to extrapolate what these opportunities look like by parsing LinkedIn. Any insight would be helpful.

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