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Quick answers
Did Adam Felesky co-found Portage?
Yes. Portage's about page, checked September 23, 2026, says: "Co-founders Adam Felesky and Paul Desmarais III launched the platform in 2016". BetaKit reported on October 17, 2016, at the launch of Portag3 Ventures, that Felesky "will act as president and run day-to-day operations of the fund".
What is his role today?
Portage's team page for him, checked September 23, 2026, says he "is the Co-Founder and CEO of Portage" and oversees its strategy to invest in fintech and financial services globally. Sagard's team page, checked the same day, titles him "Managing Partner and CEO, Portage", says he sits on Sagard's Management Committee, and lists him as based in Toronto.
What did he do before Portage?
Portage's team page, checked September 23, 2026, says he was "the Founder and Former CEO of Horizons Exchange Traded Funds" and a director and founding investor of BetaShares Exchange Traded Funds in Australia, worked in JPMorgan's derivatives group in New York, began his career at CIBC World Markets, and holds a B.Eng. and a B.A. in political science from McMaster University.
Why did Portag3 raise a large second fund?
BetaKit reported on December 3, 2019, when Portag3 closed its $427 million CAD Fund II, that Felesky gave a twofold rationale: diversifying the firm's LP base outside Canada and bringing on more traditional institutional investors.