MAC Alliance CEO Thomas Balderston steps down

According to Peter Key over at the Philadelphia Business Journal, Thomas M. Balderston has resigned his post as the Chief Executive of the Mid Atlantic Capital Alliance.
The MAC alliance is an affiliate of the city’s Chamber of Commerce that works to link up entrepreneurs and those with capital in our area. The group regularly hosts events for local business owners and investors.
Balderston made the move known at the group’s annual awards luncheon last Thursday, presumably making the move to focus on his own fund at King of Prussia-based Balderston Capital that he started in 2001.
The move is a big deal for the MAC Alliance, and is its first change in CEO since the group widened its coverage area. When Balderston took the helm of the then-named Greater Philadelphia Venture Group in 2006, he announced that he would be stretching the group’s reach from New York City (a.k.a. the 67th ward) to Washington D.C. Using his 20-plus years in the venture business he did just that, helping MAC Alliance expand to outside of city limits while continuing its march back to relevancy.
Balderston is still listed as CEO on MAC’s Web site. He also is still on the Board of Directors for Ben Franklin Technology Partners and is listed as a Principal investor in Rosemont Investment Partners.
Hat tip to the Phildelaphia Business Journal.