Silver Lake, based in Menlo Park, CA will form a five-member managing committee, comprised of Davidson and four younger managing directors, according to one of the people. Egon Durban, Mike Bingle, Ken Hao and Greg Mondre will join Davidson on the committee and take a bigger ownership stake, said the people. Roux, the firm’s 55-year-old chairman, and Hutchins co-chief executive officer with Davidson, will play a less active role in day-to-day management, said the people, who asked not to be named because the information is private. Silver Lake made a threefold profit this year when it sold Skype Technologies SA to Microsoft.  Longtime investors, including California Public Employees Retirement System, which backed Silver Lake since its first and most successful fund in 1999, will have to decide whether to support the younger ranks of deal makers when the new fund will be formally marketed in February, according to one of the people. Gemma Hart, a spokeswoman for the firm, declined to comment.  For more info, go to [Bloomberg 12/21/11]