If a package reference with PrivateAssets=all has transitive dependencies and the project targets netstandard2.0, the transitive dependency is packed from the ref (reference assembly) folder instead of the lib folder, making the reference unusable at run-time.

Repro:

<Project Sdk="Microsoft.NET.Sdk">

  <PropertyGroup>
    <TargetFramework>netstandard2.0</TargetFramework>
    <PackageId>TransitiveRef</PackageId>
    <Description>TransitiveRef</Description>
  </PropertyGroup>

  <ItemGroup>
    <PackageReference Include="NuGetizer" Version="0.5.0" />
    <PackageReference Include="Scriban" Version="3.0.4" PrivateAssets="all" />
  </ItemGroup>

</Project>

Package contents seems to be correct:

❯ nugetize
Package: TransitiveRef.1.0.0.nupkg
         C:\Temp\bin\TransitiveRef.nuspec
    Authors    : TransitiveRef
    Description: TransitiveRef
    Version    : 1.0.0
  Contents:
    /lib/
      netstandard2.0/
        Microsoft.CSharp.dll
        Scriban.dll
        System.Runtime.CompilerServices.Unsafe.dll
        System.Threading.Tasks.Extensions.dll
        TransitiveRef.dll
        TransitiveRef.pdb

However, opening the System.Runtime.CompilerServices.Unsafe.dll assembly reveals it to be a reference assembly with no implementations.