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As someone who did something very similar, yes it is very doable and it won't be counted against you.
Given you have worked on M&A in the past / in your current role I bet you could study up pretty quick to pass any growth equity / VC modeling test or case study. Unless its late stage I don't think the diligence is going to be as centered around financial engineering and have a super intense modeling component. Some of the other questions about the portfolio role vs. operational support will be firm dependent.
My $0.02 overall for questions about operating roles into investor roles is that if you are do impactful work with tangible results in an operating role it can/should make you a better investor.
Feel free to PM me if you have any questions.
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