Multicolored-Pepper Steaks with Balsamic Onions

Ingredients

• 2 tablespoons olive oil
• 2 tablespoons butter
• 2 sweet onions (1 1/2 lb. total), such as Walla Walla, Vidalia, or Maui, peeled and slivered lengthwise
• About ½ teaspoon salt
• ½ teaspoon sugar
• 2 tablespoons balsamic vinegar
• ¼ cup fresh-cracked multicolored peppercorns (see notes)
• + 2 more ingredients
• • 1 tablespoon fresh thyme leaves
  • 4 boned tender beef steaks (each 1 to 1 1/2 in. thick and 9 to 12 oz.), such as top loin (New York strip) or rib eye

1. Melt 1 1/2 tablespoons butter with 1 1/2 tablespoons olive oil in a 12-inch frying pan over medium heat. Add onions and stir in 1/2 teaspoon salt. Cover and cook, stirring occasionally, until onions are limp, about 8 minutes. Uncover and sprinkle with sugar. Increase heat to medium-high and st...

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