Involved in recycling plasma membrane proteins internalized by endocytosis. Required for recycling of the v-SNARE SNC1. Interacts with SKP1. In unpolarized G1 cells this protein is found in patches in the cytoplasm, while after bud emergence it is concentrated in nascent buds and at the mother-bud neck. Accumulates at the shmoo tips of cells treated with pheromone. Localization depends on an intact actin cytoskeleton and a functional secretory pathway. Present with 2700 molecules/cell in log phase SD medium.