Lateral in IB Hurt PE Opportunities?

I'm curious as to how much a lateral move in IB (from a smaller shop to BB/EB) diminishes your chances in getting MF or UMM interest compared to your peers, albeit on-cycle or off-cycle. How do buyside folks view this? Would really appreciate input from anyone who has experienced or witnessed this firsthand.

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Any idea how he went about making the move? Looking to make something similar. Was it connections? 

 

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