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.

 

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

 

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