LOS ANGELES- Victoria's Secret model Adriana Lima and former NBA player Marko Jaric are separating after five years of marriage, the couple said.

Brazilian model Lima, 32, and Jaric, 35, said in a statement that they were separating "after long and careful consideration," and will continue to co-parent their two young daughters.

The couple got married on Feb. 14, 2009, in Jackson Hole, Wyoming, after eloping, according to People Magazine.