ECM > Growth Equity?

I understand that product groups like ECM/DCM/Sponsors do not tend to have the same kind of PE exit ops as Coverage and M&A groups, but wouldn’t a transition from ECM to growth equity make sense? I get that Buyout funds demand the modeling and deal exposure that coverage & M&A teams get, but growth equity is really just focused on private placements - wouldn’t ECM be a fine exposure?

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