Predicted to enable heparin binding activity; lipoprotein lipase activity; and phospholipase activity. Predicted to be involved in fatty acid biosynthetic process and triglyceride catabolic process. Predicted to act upstream of or within lipid metabolic process. Predicted to be located in extracellular region and plasma membrane. Predicted to be active in extracellular space. Is expressed in anal canal; epidermis; extraembryonic component; genitourinary system; and gut. Human ortholog(s) of this gene implicated in hypotrichosis 7. Orthologous to human LIPH (lipase H). [provided by Alliance of Genome Resources, Apr 2022]