A system for facilitating virtualization of a heterogeneous processor pool includes a processor allocation component and a hypervisor, each executing on a host computer. The processor allocation component identifies a plurality of physical processors available for computing and determines a set of flags, each of the set of flags identifying a type of functionality provided by each of a subset of the plurality of physical processors. The hypervisor, in communication with the processor allocation component, allocates, to at least one virtual machine, access to one of the subset of the plurality of physical processors.