Texas power company Energy Future Holdings, formerly known as TXU Corp, has proposed a prepackaged bankruptcy that would restructure $32 billion of debt, but no deal has been reached, writes Reuters. The company is trying to restructure more than $30 billion in debt it was saddled with after the buyout by a consortium including KKR & Co, TPG Capital Management and Goldman Sachs Group Inc‘s private equity arm, writes Reuters.

TPG Capital Management is planning to launch its first real estate fund with a target of at least $1 billion, the Wall Street Journal reported, as the private equity firm looks to join its rivals in pursuing real estate deals, writes Reuters. The company expects to start raising money for the fund in the second half of 2013, the Journal said, citing people familiar with the matter.