Parallel computing environments, where threads executing in neighboring processors may access the same set of data, may be designed and configured to share one or more levels of cache memory. Before a processor forwards a request for data to a higher level of cache memory following a cache miss, the processor may determine whether a neighboring processor has the data stored in a local cache memory. If so, the processor may forward the request to the neighboring processor to retrieve the data. Because access to the cache memories for the two processors is shared, the effective size of the memory is increased. This may advantageously decrease cache misses for each level of shared cache memory without increasing the individual size of the caches on the processor chip.