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In the bowl of a stand mixer equipped with a paddle attachment, cream the cream cheese for 3-4 minutes or until nice and smooth and there are no lumps.
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Scrape the sides and bottom of the bowl.
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Add the sugar, flour, and nutmeg and mix on high for an additional 1-2 minutes.
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Slowly, pour in the Rumchata and heavy whipping cream and mix on low speed until combined then slowly increase the speed to high and mix for about 1 minute.
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Add the eggs in last, one at a time, mixing just until the yolk disappears into the batter.
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Carefully pour half the cheesecake batter in the prepared pan and tap gently on the counter to remove any air bubbles.
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Spoon half of the strawberry swirl on top of the cheesecake and use a toothpick to make a swirl pattern. Repeat with the remaining cheesecake filling, and top with the strawberry swirl.
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Cover the cheesecake completely in aluminum foil.
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Add a trivet (preferably with long handles) into the instant pot along with 1 cup of water.
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Place the cheesecake on the trivet and place the lid on sealing.
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Set the Instant Pot to 40 minutes on high pressure.
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Allow the pot to naturally release for 10 minutes.
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Remove from the Instant Pot and allow the cheesecake to cool to room temperature then transfer to the refrigerator to set overnight.