PP5 (PF3D7_1355500) is a TPR-repeat-containing serine/threonine protein phosphatase that couples the Plasmodium chaperone machinery to stage-specific developmental transitions (PMID:11737864, PMID:15339915). Recombinant PfPP5 is catalytically active, and its activity is stimulated by polyunsaturated fatty acids such as arachidonic and oleic acid in an N-terminus-dependent manner, but not by saturated fatty acids, and it is inhibited by okadaic acid (IC50 ~4 nM) (PMID:11737864, PMID:11897131). Through its N-terminal TPR repeats, native PfPP5 physically associates with PfHsp90 as a component of the PfHsp90 multi-chaperone complex (which also contains PfHsp70 and tubulin); geldanamycin disrupts this complex and blocks the temperature-dependent ring-to-trophozoite transition, placing PP5 within Hsp90-dependent asexual development (PMID:11737864, PMID:15339915). In vitro, PP5 is not a target of the SET/TAF-family inhibitor PfARP, which selectively inhibits PP2A, distinguishing PP5 regulation from that of PP2A (PMID:12615323). In P. falciparum, PP5 localises preferentially to the nucleus (PMID:11897131), whereas in P. berghei the ortholog localises to the cytoplasm and beneath the plasma membrane in merozoites and ookinetes; P. berghei gene deletion showed PP5 is dispensable for asexual blood-stage growth but essential for male gamete formation, fertility, and ookinete-to-oocyst conversion, a male-specific requirement confirmed by genetic crossing with sex-defective mutants (PMID:31202684).