Views on upward lateraling

Hey all, wanted to get your views on taking a lateral offer a year into current PE seat.

My background: was in MBB consulting for a year (did my internship there too) after school, moved to BB banking for a year, then lucked out on off cycle for a MM PE fund that required me moving cities.

Fast forward to almost year into that current seat, I opportunistically got contacted by a VP at one of the funds I was recruiting for (same industry and same strategy but upmarket) when I was in banking. We hit it off back then but it was a competitive process and I didn’t get an offer. They were hiring for a few lateral seats and I just kind of did the interview to see what comes out of it - it s huge bonus that it’s back to the city where I was prior.

Is it a big deal / bad look that I’m essentially switching into a 4th job after 3 years? Each have been at least a year stint and a career upgrade but I’m worried at how it may look like on my resume.

If I move, I plan to stay at this fund for two years then potentially business school. Currently hate the city I’m in but I really like the strategy. Curious to hear your views on if I should just stick it out at my current fund or take the opportunity.