As an analyst at a upper-mm PE shop, what are people's thoughts on deal sourcing? All the deals we have looked at come from bankers who are connected with the senior guys at the firm. However, I wanted to go out on my own to contact some of the lesser known banks to source some smaller deals that might have less competition in a buy-side process.
That being said, is this too ambitious as an analyst? Would I be stepping on anyone's toes if I were to reach out to a bank that one of my colleagues already has relationships with? What are the guidelines / etiquettes for deal sourcing as a PE analyst?