Operation of a multi-slice processor that includes a plurality of execution slices, a plurality of load/store slices, and one or more page walk caches, where operation includes: receiving, at a load/store slice, an instruction to be issued; determining, at the load/store slice, a process type indicating a source of the instruction to be a host process or a guest process; and determining, in accordance with an allocation policy and in dependence upon the process type, an allocation of an entry of the page walk cache, wherein the page walk cache comprises one or more entries for both host processes and guest processes.