Aspects include computing devices, systems, and methods for dynamically partitioning a system cache by sets and ways into component caches. A system cache memory controller may manage the component caches and manage access to the component caches. The system cache memory controller may receive system cache access requests and reserve locations in the system cache corresponding to the component caches correlated with component cache identifiers of the requests. Reserving locations in the system cache may activate the locations in the system cache for use by a requesting client, and may also prevent other client from using the reserved locations in the system cache. Releasing the locations in the system cache may deactivate the locations in the system cache and allow other clients to use them. A client reserving locations in the system cache may change the amount of locations it has reserved within its component cache.