An apparatus, program product and method initiate, in connection with a context switch operation, a prefetch of at least one instruction likely to be executed 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, one or more instructions may be prefetched on behalf of that thread so that when execution of the thread is resumed, those instructions are more likely to be cached, or at least in the process of being retrieved into cache memory, thus enabling a thread to begin executing instructions more quickly than if the thread was required to fetch those instructions upon resumption of its execution.