Soften the dried porcini mushrooms in vegetable broth by simmering for 15 minutes. Keep the broth for later use.
Bring a large pot of salted water to a boil for pasta.
Cook pancetta in a large pan over medium-high heat until crispy. Set aside, leaving fat in the pan.
Sauté baby bella mushrooms in pancetta fat until golden brown. Add shallots, garlic, rosemary, thyme, crushed red pepper flakes, salt, and black pepper. Cook for 3 minutes.
Deglaze the pan with white wine, scraping up browned bits.
Add crushed tomatoes, tomato paste, and cooked pancetta to the pan. Stir to combine.
Chop softened porcini mushrooms and add with strained broth to the sauce. Simmer for 15 minutes.
Cook pasta until just shy of al dente, reserving 1 cup of pasta water before draining.
Stir heavy cream into the sauce, then mix in the pasta, adding reserved water as needed. Season to taste.
Serve immediately topped with freshly grated Parmesan cheese.
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Notes
Store leftovers in an airtight container in the refrigerator for up to 3 days. Reheat gently with a splash of cream or broth.