Am I Allowed to Interview?

This is probably a dumb question, but I have never done PE recruiting before and never had any colleagues run into this situation. Recently received an inbound from a recruiter from my top choice PE firm and got invited to a R1 interview.

My bank is leading a sell-side and said PE firm is participating in R1 diligence. Is there a conflict? Am I allowed to recruit? The time slot the recruiter suggested for R1 interview is between our first R1 diligence calls with the same people.

Feels off so wondering if anyone else has run into this situation.

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