1. A method of assigning network traffic classes to at least one logical partition in a virtualized computing platform comprising: receiving packets from a network external to the virtualized computing platform at a network adaptor within the virtualized computing platform; routing the received packets to a traffic class manager in a trusted entity within the virtualized computing platform based upon a link layer discovery protocol (LLDP) identifier to determine capabilities of the network adaptor, the network, and at least one network switch associated with the network; defining one or more traffic classes based on capabilities shared among the network adapter, the network, and the at least one network switch; assigning the one or more defined traffic classes to the at least one logical partition within the virtualized computing platform.