As a Lite version of the CC 14.x branch, it includes the core raster editing tools that made Photoshop the industry standard:

Support for complex compositing and masking .

Adobe Photoshop CC version 14.1.2 was a 2013-era release in the Creative Cloud ecosystem. The "Portable" designation means the software has been repackaged—often in the PAF (PortableApps.com) format—to run directly from a USB drive or local folder without writing to the Windows Registry.