Predicted to enable hydrolase activity, acting on ester bonds. Predicted to be involved in GPI anchor biosynthetic process. Predicted to be located in Golgi apparatus; endoplasmic reticulum; and membrane. Predicted to be integral component of membrane. Predicted to be intrinsic component of endoplasmic reticulum membrane. Orthologous to human PGAP3 (post-GPI attachment to proteins phospholipase 3). [provided by Alliance of Genome Resources, Apr 2022]