What are Warehoused Deals?

A warehoused deal (also called a “warehoused investment” or simply “warehousing”) is an investment a GP makes before forming a fund. The GP then transfers the investment into the fund once it is live. This approach lets a GP contribute earlier bets — whether syndicate SPV or angel investments — into a new fund at their original cost, not at their appreciated value when the fund forms. Warehousing also signals early deal-flow quality.