Andy Hunt and Jeremiah Daly have stepped down as partners with Highland Capital Partners, in order to launch their own growth equity firm, Fortune has learned.
Hunt is a co-founder and director with eyeglass upstart Warby Parker, and joined HCP back in 2011. He currently serves on the board of Scopely, and has been involved with such HCP portfolio companies as Gemvara, Harry’s and SessionM.
Daly joined HCP in early 2012 as a principal, after having spent three years with Accel Partners. He was promoted to partner the following year, and serves on the board of Malwarebytes.
News of Hunt and Daly’s pending departure first came earlier today in a letter sent to HCP’s limited partners. It was confirmed by HCP partner Sean Dalton in a phone call with Fortune. Both of their board seats are expected to be filled by other HCP staffers.
Neither Hunt nor Daily has yet responded to requests for comment.
In other HCP news, longtime chief financial officer Kathy Barry is expected to transition into an advisory role this May, while director of finance Jessica Pelletier will be promoted to senior vice president of finance.
This story originally appeared on Fortune Magazine