Neil Woodford, one of the UK's best-known fund managers, has the backing of serial entrepreneur Peter Dubens' Oakley Capital to set up his new business, it was announced this morning. Here is all you need to know about his new backer.

Dubens founded Oakley Capital a diversified financial-services boutique which conducts corporate finance advisory, private equity and venture capital, in 2002. It manages funds worth about $1 billion.