In this episode of The Fundamentals Podcast, Isaac Dell, Associate Institutional Portfolio Manager at Jarislowsky Fraser, is joined by Byron Monaghan, Director of Private Assets at Scotia Global Asset Management, to discuss the growing role of private assets in portfolio construction. The conversation explores how investors should think about expected returns, liquidity trade-offs, and portfolio sizing, as well as the evolution from traditional closed-end drawdown funds toward evergreen fund structures. Isaac and Byron also examine why private markets remain relevant in 2026, highlighting current dynamics across private equity, private credit, real estate, and infrastructure, and discuss how Scotia Global Asset Management’s evergreen private asset solutions are designed to provide investors access to private markets.