An apparatus, program product and method initiate, in connection with a context switch operation, a prefetch of data likely to be used by a thread prior to resuming execution of that thread. As a result, once it is known that a context switch will be performed to a particular thread, data may be prefetched on behalf of that thread so that when execution of the thread is resumed, more of the working state for the thread is likely to be cached, or at least in the process of being retrieved into cache memory, thus reducing cache-related performance penalties associated with context switching.