Wild Mushroom Ragout

• FAST
• MAKE-AHEAD

Ingredients

1. 1 teaspoon extra-virgin olive oil
2. 1/4 pound thinly sliced pancetta, coarsely chopped
3. 1 1/4 pounds mixed mushrooms, such as shiitake and oyster—stemmed and thinly sliced
4. 1 large shallot, finely chopped
5. 1 teaspoon finely chopped thyme
6. 1/4 cup Madeira or Marsala
7. 3/4 cup heavy cream
8. Salt and freshly ground pepper

1. In a large deep skillet, heat the olive oil. Add the pancetta and cook over moderately high heat, stirring, until golden, about 5 minutes. Using a slotted spoon, transfer the pancetta to a plate; leave the fat in the skillet.
2. Add the mushrooms to the skillet and cook over moderately high heat, stirring occasionally, until lightly browned and softened, about 8 minutes. Add the shallot and thyme and cook, stirring, until the shallot is softened. Add the Madeira and cook until evaporated, scraping up any browned bits on the bottom of the skillet. Stir in the cream, season with salt and pepper and simmer until the ragout is slightly thickened, 2 to 3 minutes. Just before serving, stir in the pancetta.