Combs' rep told PEOPLE he is currently single.
PEOPLE reports the couple have officially split after dating for 11 years.
Combs and Cassie first went public with their May-December relationship in 2012. They reportedly met on a music video set while Cassie was still in her teens.
A rep told PEOPLE the split was "amicable and they remain friends."
"Cassie is going to focus on her music and acting career," the source said.
The hip-hop mogul spoke glowingly about Cassie during a visit to the Wendy Williams Show back in June. "I'm in love now," he gushed.
Combs is father to 5 kids: sons Justin, 24, Christian, 20, 11-year-old twins D'Lila Star and Jessie James, and daughter Chance, 11, from his previous relationships with Kim Porter, Misa Hylton and Sarah Chapman.
Combs also claims actor Quincy Brown, the 27-year-old son of former R&B crooner Al B. Sure and Kim Porter.
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